Local REALTOR, Heidi McFadden, Earns Certified Distressed Property Expert Designation
Local REALTOR, Heidi McFadden, Earns Short Sale Designation to Help Homeowners in Danger of Foreclosure
Carson City, NV – 8/25/2010 – Heidi McFadden of Realty Executives Nevada’s Choice in Carson City has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by McFadden will help benefit Carson City area residents and communities.
Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market. “Short sales are complicated and having the CDPE Designation will be invaluable as we all navigate through the process,” said McFadden.
Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as McFadden with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings. “These experts better understand market conditions than the average agent, and can help sellers through the complications of foreclosure avoidance,” he said. “Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible,” Charfen said. “Heidi McFadden has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”
McFadden is a member of the Sierra Nevada Association of REALTORS, a professional organization supporting REALTORS in the Sierra Nevada region, including the counties of Carson, Douglas, Churchill and Lyon (except for Fernley). For more information about the Sierra Nevada Association of REALTORS, please call: 775.885.7200 or visit snar.org.
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